For a long time now, student loans have been pretty much prohibited from being discharged through bankruptcy. That could change by the looks of this proposal. The S.2598 – FRESH START Through Bankruptcy Act has been recently referred to committee. Why is it so hard, if not impossible, for people…
Are you being haunted by a low credit score? We know how our credit score is a huge part of our financial picture. Having bad credit can cost you money (not qualifying for a particular job) and missed opportunities (paying higher interest rates, higher insurance premiums, and not being able…
There are many state and local programs to help if you are having issues with rent, utilities, or other housing costs for renters and programs to help assist if you are a landlord. You can visit this website to find programs in your state: https://www.consumerfinance.gov/coronavirus/mortgage-and-housing-assistance/renter-protections/find-help-with-rent-and-utilities/?utm_source=newsletter&utm_medium=email&utm_campaign=ERAPscams To apply you must first…
Beware of scams dealing with emergency rental assistance! Scammers are coming out of the woodwork with all the various federal relief programs being implemented across the country. They are excellent at disguising their programs to look 100% legitimate. If you receive and email, text, call, or social media message from…
You have just learned that one of your creditors is starting to take money out of your paycheck or even your bank account. This is called a garnishment. A garnishment is a legal procedure where a portion of your paycheck is taken for the payment of a debt. Garnishments are…
I have listed some of the mistakes people make right before they file bankruptcy. People do these things because of mistaken information they got from someone else. Talk with your bankruptcy lawyer and ask questions. Your lawyer can protect you and your property as long as you tell them everything…
A chapter 13 bankruptcy can do everything a chapter 7 can do and more. A chapter 13 has extra tools for special debts. A chapter 13 takes 3-5 years to complete and costs more than a Chapter 7 in the long run. Which one you should file depends on what…
No matter how much you love your bank, there are a lot of good reasons to leave them if you are going to file bankruptcy. If you don’t want to leave them, you might want to keep your money somewhere else temporarily. Reason #1 Frozen Bank Accounts Several nationwide banks, like…
Here are 4 steps you can take to avoid a having your tax refund taken for a Student Loan default: Get your student loans out of default. After nine months of nonpayment your student loans go in to default status. Making the minimum payments on time will keep you out…
If your tax refund has already been taken you need to request an Offset Refund. If you think your tax refund may be been taken in the future, you need to request an Offset Refund to protect your tax refund from being taken. You can request an refund whether your…